Dollar - Japanese Yen Analysis Analysis

Evening Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019 Research Department

USD/JPY fell this afternoon to test a session low of 109.733 after it earlier this morning hit the rate of 110.00 anew. Overall, the dollar has gained around one percent versus the Japanese currency so far this month as global risk sentiment improved and led to a modest rally in global equities. Japanese demand for foreign bonds has been another reason for the strength in dollar/yen. In US, Federal Reserve Chairman Jerome Powell said overnight the U.S. economy remains in a good place and has proved resilient so far to shocks like the British decision to leave the European Union. Later this afternoon, US Initial Jobless Claims will be released.

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The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.